Peru: Inflation declines to lowest level since April 2021 in April
Inflation came in at 2.4% in April, which was down from March’s 3.0%. April’s figure marked the weakest inflation rate...
Inflation in Romania
Consumer price inflation in Romania averaged 3.4% in the ten years to 2022, which was below the Eastern Europe regional average of 7.7%. The 2022 average figure was 13.7%. For more inflation information, visit our dedicated page.
Romania Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Romania from 2014 to 2023.
Source: National Institute of Statistics Romania.
Romania Inflation Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 4.6 | 3.8 | 2.6 | 5.0 | 13.7 |
| Inflation (CPI, ann. var. %, eop) | 3.3 | 4.0 | 2.1 | 8.2 | 16.4 |
| Inflation (HICP, ann. var. %, aop) | 4.1 | 3.9 | 2.3 | 4.1 | 12.0 |
| Inflation (Core, ann. var. %, eop) | 2.7 | 4.1 | 3.8 | 4.8 | 13.8 |
| Inflation (PPI, ann. var. %, aop) | 5.0 | 3.9 | 0.0 | 14.9 | 43.6 |
Inflation drops in March
Inflation came in at 6.6% in March, down from February’s 7.2%. The cooling of price pressures was primarily due to a slower increase in prices for food. In addition, the trend pointed down, with annual average inflation coming in at 8.5% in March (February: 9.2%). Lastly, consumer prices rose a seasonally adjusted 0.42% in March over the previous month, coming in below February's 0.81% increase.
Commenting on the reading, ING’s Stefan Posea and Valentin Tataru stated: “We continue to see inflation trending down towards our 4.8% year-end call, which we maintain. Upside risks come from rising consumer demand and still-sharp wage growth, which we think will continue, as well as from the latest oil price and fiscal developments.”
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Romanian inflation projections for the next ten years from a panel of 31 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Romanian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Romanian inflation projections.
Want to get access to the full dataset of Romanian inflation forecasts? Send an email to info@focus-economics.com.
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